Noida authority officials go to Gujarat to lure investors
Officials said that they aim to bring investment, set up industries and create jobs in UP cities including areas under the Noida, Greater Noida and Yamuna Expressway authorities.noida Updated: Aug 09, 2017 22:52 IST
A team led by Uttar Pradesh industries minister Satish Mahana is in Ahmedabad to showcase industrial schemes and invite investors’ into the state. Noida authority chairman and principal secretary for UP industrial development department, Alok Sinha, and Greater Noida authority’s chief executive officer, Debasish Panda, are also part of the delegation.
Officials said that they aim to bring investment, set up industries and create jobs in UP cities including areas under the Noida, Greater Noida and Yamuna Expressway authorities.
“We want to invite textile, pharmaceutical, gems and jewellery industries to set up shop in UP. They can choose any city and we will provide timely clearances for them. We want to replicate the Gujarat model of industrial development to boost growth in the state,” said Sinha.
The model is centred on trade and being business friendly to attract investors.
The Greater Noida authority has to sell around 1,000 industrial plots in older sectors of the city. The Greater Noida authority also has a dedicated industrial township on 335 hectares, which is a part of Delhi-Mumbai industrial corridor project.
After the Jewar airport project was approved, officials of the three authorities are hopeful that the demand for industrial schemes will increase.
“UP, as a state, offers a lot of good opportunities to investors, corporate houses and entrepreneurs. The Noida, Greater Noida and Yamuna Expressway areas will attract corporate houses due to their proximity to Delhi and now, the airport project in Jewar,” said Sinha.
“We will showcase our industrial schemes to potential investors and try to convince them to invest in Greater Noida. We have a lot to offer to mobile phone manufacturing units, IT firms and other investors. We hope to lure investors with lucrative schemes that we have on offer. We will stay there on Wednesday and Thursday,” said Panda.
The Noida authority is about to launch three dedicated industrial sectors — 155, 156 and 157 — along the Noida-Greater Noida Expressway and sell plots of either 20,000 square metres or 600-800 sqm. The authority is planning to start selling plots in Sector 155 in the next week to corporate houses that want to set up start-ups with small investments.
The Greater Noida authority has around 1,000 acres of industrial land, Noida has around 500 hectares and the Yamuna Expressway industrial development authority (YEIDA) is in possession of 600 acres of agricultural land for industrial purpose.
UP chief minister Yogi Adityanath in July 2017 had approved a new industrial policy to boost industrialisation and create employment for the youth.